Homework Answers
Answer: Following are the categorization of various compensation options under the direct financial, in-direct financial & non-financial compensation for Managers and Directors.
Direct financial compensations are given directly in the hand of the Manager or directors, while the Indirect Financial compensation are more of reimbursement kind of expenses which company was borne. The Non-financial compensation are like facilities, training, education opportunities, coaching, etc.
For Managers:
| Direct Financial Compensation | Indirect Financial Compensation | Non-Financial compensation |
| Salary | Housing facility | Training |
| Commission | Medical facility | Education leave |
| Bonus | Insurance (life) | Paid leaves |
| Performance linked incentives | Reimbursement for an educational fee | Car facility |
| Special Allowances | Caretakers |
For Directors:
| Direct Financial Compensation | Indirect Financial Compensation | Non-Financial compensation |
| Commission | Club membership | Car facility |
| Retainers | Housing | Caretakers |
| Meeting Fee | Insurance | Concierge facility |
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